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Craig Wright rains lawsuits on prominent crypto enthusiasts over ‘libelous and abusive’ tweets

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Crypto community comes together as Craig Wright rains lawsuits over prominent crypto enthusiasts
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Craig Wright, a computer scientist and self-proclaimed creator of Bitcoin, Satoshi Nakamoto, has been serving people with legal notices for harassing him with tweets or comments. The barrage of lawsuits began with Hodlonaut, a Twitter user who seemed to have started the hashtag “CraigWrightIsAFraud.” Wright continued to serve more legal notices to several others like Peter McCormack and Ethereum’s Vitalik Buterin.

Peter McCormack, Host of “What Bitcoin Did” podcast, got a legal notice from Craig Wright’s lawyers, detailing a couple of tweets by McCormack where he called Craig Wright a fraud. The letter stated,

“We strongly suggest that you take legal advice upon the contents of this letter, which is written in compliance with the Pre Action Protocol for Defamation applicable to claims in the High Court of England and Wales.”

The letter stated that McCormack’s tweets were libelous, abusive and defamatory. The letter required McCormack to “delete all tweets and other online or other publications in which you alleged that our client [Craig Wright] had fraudulently claimed to be Satoshi Nakamoto.” Moreover, the letter also asked McCormack to not repeat the same again, be it on Twitter or on any other platform. Wright also expected McCormack to apologize to him in open court and acknowledge the falsity of his allegations.

The letter concluded by stating,

“In the event that you do not comply with the above requirements, our client will bring proceedings against you in this jurisdiction for libel.”

McCormack replied to this letter in a series of tweets, blatantly rejecting the requirements and trolling Wright and Calvin Ayre in subsequent tweets.

Peter McCormack received support from the community in the form of donations, indicating that the crypto community was coming together to support McCormack and Hodlonaut. The former asked his supporters to redirect their donations to the crowdfunding campaign set up for Hodlonaut.



Binance’s CEO, CZ, also had an opinion on the steps taken by Ayre and Wright. He tweeted,

Other prominent users to come out to support Hodlonaut were Monero’s Fluffypony and Bitcoin enthusiasts like Udi Wertheimer.





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Akash is your usual Mechie with an unusual interest in cryptos and day trading, ergo, a full-time journalist at AMBCrypto. Holds XRP due to peer pressure but otherwise found day trading with what little capital that he owns.

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HitBTC responds to allegations of insolvency, refutes claims made by Redditors

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HitBTC responds to allegations of insolvency
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HitBTC, a Hong Kong-based exchange has been the center of accusations among users on Reddit, Twitter, and other forums. HitBTC users started complaining about issues regarding withdrawal and extensive procedures after one particular user @ProofofReserach put out a thread alleging insolvency of HitBTC.

To put an end to all the accusations, HitBTC has broken its silence with a blog post explaining their side of the story. According to HitBTC, their systems performed well during the winter of 2017-18, however, HitBTC mentioned that due to overwhelming demand for the services, they experienced bottlenecks at an operational level.

Referring to the BitcoinExchangeGuide article, HitBTC responded:



“A widely quoted article, in its entirety, is based on only 2 AML cases. One of them was initiated as part of the investigation into the December, 2018 BTCP security breach, at the request of the coin’s core team. Unfortunately, there is no clear indication of the nature of the second case that can be discerned from the article. The author of the article failed to track the deposit/withdrawal dynamics that did not uncover any irregularities. A simple block explorer or our public System Monitor would suffice for these purposes”

Additionally, referring to the altcoins being added and removed from the platform, the exchange said that they were honored to work with a diverse range of projects, however, since the crypto sphere was still nascent, there were lapses in their judgment in assessing the integration partners. With the above-mentioned prominent cases, HitBTC also addressed other topics.

@ProofofResearch replied to HitBTC’s blog:

“Is there a reason why you’re unable to tell people us where your Bitcoin storage is at? If what I published is as untrue as you claim it is, then providing a wallet address where your Bitcoin funds are stored will go a long way in *proving that*.”





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